Yes, but wasn't Germany a capitalist society at the time? And they certainly experienced the hosing, didn't they?
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Milton Friedman Puts A Young (and skinny) Michael Moore In His Place
- Thread starter thesniper
- Start date
Well, according to the theory, the tariffs and trade barriers you described would have resulted in a net loss, no matter how you slice it. There are other issues, as well. However, that was not really the point I was trying to make.Quote from jem:
ahh the socratic method.
Question - in your opinion what effects did the great depression have in europe.
I will tell you mine... just for fun.
I learned that since most of our heavy trading partners were net importers... when the tariffs and trade barriers went up, they insulted their economies to a some extent and the barriers encouraged local production. therefore they were not hit as hard.
If the above is true, since we are now an importer I think it shows that we may want to drop the income tax and put up some tariffs.
Which will stimulate consumption and the need for our own production.
I would think it would be a great experiment.
And if it turns out my plan is not revenue neutral... whats the difference ... we have politicians who don't care and a fed who will just monetize it.
Quote from Martinghoul:
Well, according to the theory, the tariffs and trade barriers you described would have resulted in a net loss, no matter how you slice it. There are other issues, as well. However, that was not really the point I was trying to make.
net loss to who? china?
it would be would if you suggested it had to be a new loss to the U.S. since export targeting and protectionism worked for Japan and then the other asian countries. Then, china took it step father and pegged our currency as well.
Net loss to the system as a whole...Quote from jem:
net loss to who? china?
it would be would if you suggested it had to be a new loss to the U.S. since export targeting and protectionism worked for Japan and then the other asian countries. Then, china took it step father and pegged our currency as well.
There are some arguments in favor of some degree of protectionism, but, overall, it's an approach that's not really consistent with a capitalist, free-mkt view of the world. At any rate, I am not sure why we're discussing these issues here, as this doesn't really have anything to do with the stuff we were discussing before.
Quote from achilles28:
And that's where you are wrong.
Individuals have a right to put a price on their own lives.
No individual has the right to put a price on OTHERS LIVES, without their consent.
Suicide is illegal - you cannot sell one kidney if you so desire, so enough have decided that you cannot put a price on your own life.
Abortion - brought up by the kid in the video, where he basically says he does not value life, "I am a believer of abortion, therefore I don't believe every single life is sacred"; this is placing value and a price on someone else's life.
Quote from oraclewizard77:
Another issue is like this with guns. Its hidden from the public, but some guns will automatically shoot.
I do know of one letter sent to gun owners of a model of hand gun, where the safety did not work, and it could still fire.
So you may hear of accidents where a gun owner shot himself or committed suicide, but in fact the gun might have just gone off by itself.
http://www.predatortalk.com/topic/9816-remington-700-safety-issues/
Never has it been shown that a gun has "just gone off by itself."
Many thousands of guns are loaded right now and sit waiting for use and cannot possible discharge.
Dropping or banging or improperly adjusting can possibly cause them to discharge if handled improperly and then that becomes human error as most likely they are not handling the gun safely.
OKI, so just to claify, you believe that the Great Depression (and other such periods of severe economic hardship) are there for some sort of reason. What happens to different people as a result of these circumstances is, essentially, a result of their collective conscious choices. Thus they deserve whatever fate befalls them. Is that correct?Quote from Lights:
Yup, but they didn't remain capitalist which kept them in the gutter led by one Adolph Hitler.
Quote from DblArrow:
Suicide is illegal - you cannot sell one kidney if you so desire, so enough have decided that you cannot put a price on your own life.
Abortion - brought up by the kid in the video, where he basically says he does not value life, "I am a believer of abortion, therefore I don't believe every single life is sacred"; this is placing value and a price on someone else's life.
"placing value and price on someone's life" is being done all the time in environmental controls, food safety, work safety, transportation safety, healthcare, infrastructure, sovereignty.
Human life is priced in everything we do or create. Most of the time the goal is to protect as many life's as possible but as resources became scarce or your own life/family/country more important compromises/sacrifices/collateral damage to human life are considered and executed every day.
Corrections are an essential part of the capitalist business cycle and serves to clean out excess and corruption. Forfeiting capitalism to totalitarian rule serves to extend corruption and it's easy for the oligarchs to sell a loaf of bread to the weak and needy in exchange for slavery. The American spirit up to now has been liberty or death tho that may be changing. That hasn't been the case with people in other parts of the world who'd sell their soul for immediate satisfaction. Different strokes for different folks..
Quote from Martinghoul:
OKI, so just to claify, you believe that the Great Depression (and other such periods of severe economic hardship) are there for some sort of reason. What happens to different people as a result of these circumstances is, essentially, a result of their collective conscious choices. Thus they deserve whatever fate befalls them. Is that correct?